NEDA highlights the potential of ICT in enabling rapid and inclusive economic growth

In the spirit of celebrating Filipino excellence in information and communications technology (ICT), the National Economic and Development Authority (NEDA) underscored the importance of emerging technologies and digitalization as a cross-cutting strategy in realizing the socioeconomic transformation agenda of the Marcos Administration as contained in the Philippine Development Plan (PDP) 2023-2028.

“In this digital era, the significance of ICT cannot be overstated. It serves as the foundation of our interconnected world, permeating every aspect of our lives and driving transformative changes in various industries,” said NEDA Secretary Arsenio M. Balisacan during his keynote speech at the International ICT Awards-Philippines (IICTAP) Celebratory Gala Dinner.

Given the ongoing proliferation of rapidly developing technologies such as artificial intelligence, the NEDA chief emphasized the urgent need to understand and harness the potential of these technologies, while regulating them in ways that would enable and promote their healthy use and development.

“Thoughtfully crafted policies are crucial for promoting regulatory efficiency and responsiveness in rapidly evolving digital markets without stifling innovation and experimentation,” said Balisacan.

The NEDA chief also emphasized the key role of digitalization in enhancing efficiency and improving public service delivery, as well as minimizing opportunities for corruption.

In Chapter 6 of the PDP 2023-2028, strategies are outlined for accelerating the digitalization and innovation of startups and MSMEs in order to revitalize industries, with a particular focus on increasing e-commerce adoption.

“This will empower MSMEs of any size to remain competitive by reducing costs, ultimately benefiting Filipino consumers,” stated Balisacan.

The IICTAP Gala Dinner was organized by the Canadian Chamber of Commerce to celebrate the excellence in ICT of the 50 IICTAP awardees over the past 16 years.

As he closed, Balisacan ended his message with a heartfelt congratulations towards all the winners and finalists of the International ICT Awards, and a reminder to sustain their remarkable contributions for the overall development and improved welfare for all Filipinos.